Native American Financial Institutions Meet with Consumer Financial Protection Bureau to Express Concerns About Payday Lending Products

May 15, 2012

On May 2, 2012 a group of Native community development financial institutions (CDFIs) and nonprofits met with staff at the Consumer Financial Protection Bureau to advocate for responsible and fair lending products in Native American communities. The Native organizations provided examples to demonstrate the negative impact of payday loans in their communities and also shared successful strategies in combating predatory lending, such as financial education, credit coaching, and credit builder loans. The credit building loan product is designed to help Native borrowers that are trapped in the debt cycle of payday lending replace their debt with low cost affordable term loans that result in building positive credit histories, and is paired with financial education to protect consumers from future fringe financing products. Read the full story.

Native CDFI Network Gains Momentum, Joins National Rural Assembly Steering Committee

June 27, 2011

On June 17, 2011, the Native CDFI Network was welcomed onto the National Rural Assembly Steering Committee, a collaboration of organizations that works to bring tribal and non-tribal constituencies into a conversation about the future of rural America. In this position, the Native CDFI Network will provide council on how the National Rural Assembly can be more intentional and inclusive in building a rural policy agenda. Read the full story.

Native CDFI Network Takes Shape, Unites Native CDFIs to Strengthen Economic Development in Indian Country

December 6, 2010

The Native CDFI Network, founded in 2009 to unite Native CDFIs and advance policy priorities important in Native communities, has formed an official steering committee comprised of 13 experienced professionals in the Native community and economic development field to lead the organization through its next phase of development. Over the next year, the Native CDFI Network steering committee will execute plans for the organization to reach foundational goals, creating peer-to-peer mentoring and sharing opportunities for network members and strengthening the Native CDFI industry to ensure Native peoples are represented in national policy decisions. Read the full story.